The PE ratio for Comerica stock stands at 10.25 as of May 2, 2024. This results from the current EPS of $5.06 and stock price of $51.87. An increase of 44% has been seen in the P/E ratio compared to the average of 7.1 of the last 4 quarters.
Over the last ten years, the average PE ratio of Comerica has been 12.66. The current 10.25 PE ratio is 19% below the historical average. Over the past ten years, CMA's PE ratio was at its highest in the Dec 2016 quarter at 24.86, with a price of $68.11 and an EPS of $2.74. The Jun 2023 quarter recorded the bottom point at 4.39, with a price of $42.36 and an EPS of $9.66.
Maximum annual increase: 80.09% in 2020
Maximum annual decrease: -54.19% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.63 | 10.5% |
| 2022 | 7.81 | -24.17% |
| 2021 | 10.3 | -36.38% |
| 2020 | 16.19 | 80.09% |
| 2019 | 8.99 | -4.36% |
| 2018 | 9.4 | -54.19% |
| 2017 | 20.52 | -17.46% |
| 2016 | 24.86 | 74.09% |
| 2015 | 14.28 | 0% |
| 2014 | 14.28 | -12.29% |
CMA's current P/E ratio is above the 3 and 5-year historical averages, but it is below the 10-year average.
CMA's PE ratio is lower than its peer stocks JPM and BAC, but it is greater than RF's and ONB's. Comerica's current PE ratio of 10.25 is below the average of its peers, which is 11.97.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ONB Old National Bancorp | 9.16 | $5.43B |
| RF Regions Financial Corp | 9.45 | $18.31B |
| CMA Comerica Inc | 10.6 | $7.11B |
| JPM Jpmorgan Chase & Co | 11.44 | $544.84B |
| WSBC Wesbanco Inc | 11.75 | $1.68B |
| WFC Wells Fargo & Company | 12.28 | $207.58B |
| HBAN Huntington Bancshares Inc | 12.34 | $20.04B |
| BAC Bank Of America Corp | 12.63 | $288.42B |
| CFR Cullen/Frost Bankers Inc | 12.72 | $6.91B |
| PNC Pnc Financial Services Group Inc | 13.22 | $62.65B |
| KEY Keycorp | 17.01 | $14.13B |
As of May 2, 2024, CMA stock has a price to earnings ratio of 10.25.
As an average over the last 3 years, CMA stock has a PE ratio of 8.51.
As an average over the last 5 years, CMA stock has a PE ratio of 9.02.
Over the last ten years, the quarterly PE ratio reached a historic high of 24.86 in the Dec 2016 quarter.
CMA's price to earnings ratio is currently 19% below its 10-year historical average.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 2, 2024), Comerica's stock price is $51.87. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.06. Therefore, Comerica's P/E ratio for today is 10.25. PE RATIO(10.25) = STOCK PRICE($51.87) / TTM EPS($5.06)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.